Toddo On TV: Oil Slick

Minyanville Staff  Jun 06, 2008 4:43 pm

Toddo On TV: Oil Slick
 
Markets, movers and more.
 

 
Toddo, in signature tight-fitting T-shirt, takes stock of the tape, noting that once the previous top was taken out in oil, the bears lost their technical edge. Economist John Maynard Keynes once said that markets can stay insolvent longer than investors can stay solvent. Remember, dear investor: Discipline over conviction as we find our way.



But wait! There's more! Harrison craftily works in a plug for the Buzz & Banter, referencing Professor Lance Lewis's astute take on the gold to oil price ratio, currently hovering near historic lows. Traders might want to consider buying gold and shorting crude on a pairs trade.

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Comment (1) See All Comments »
06-07-2008, 12:32 pm
are we headed for ww111?

the surge in oil indicates that risks have increased

the u.s. (or almost any country, for that matter), would collapse like a house of cards w/out its oil supply

on may 13, the idiots in
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